Wells Fargo slashes Viacom outlook

Claire Atkinson
Mon, 11 Jul 2016 14:30:01 -0400

If you think Viacom’s months-long boardroom battle is ugly, wait until the media conglomerate reports its quarterly results next month. You might need to shield the kids and draw the blinds, one Wall Street analyst said on Monday. Affiliate-fee renewal conversions have been so challenging for Sumner Redstone’s entertainment giant — including a price cut...